Specialized In Jumbo Loans, Investor Loans, DSCR Loans, Non-QM Financing, Commercial Mortgages, and Tax-Informed Lending Strategies
Published By
David Ghazaryan
Owner / Broker / Banker
Contact Me At
(702) 766-3744
NMLS 1486726
Business debts often appear on your personal credit due to personal guarantees, which can inflate your debt-to-income (DTI) ratio and jeopardize mortgage qualification.
Lenders can exclude these debts from your personal DTI calculation if you provide specific documentation proving the business has consistently paid the liability from its own funds for at least 12 months.
This involves gathering 12 months of business bank statements, highlighting the payments, and potentially providing a detailed letter from your CPA to assure the underwriter that the business's cash flow supports the debt.
Read the full blog article here: https://www.iqratemortgages.com/blog/exclude-business-debt-from-your-houston-mortgage
Business loans on your personal credit can stop your mortgage. I'm David Ghazaryan. My system separates your business and home. We must show twelve months of payments from business money. We give lenders your business bank statements with clear proof. Now, the lender removes that debt, you can buy more. See our full article and social media in the description.
Read Blog Here: https://www.iqratemortgages.com/blog/exclude-business-debt-from-your-houston-mortgage
